United States Trade Turkey

Turkey Orders More Lockheed F-16s: Turkey would get an additional 40 of the fighter jets under an agreement signed by representatives of the Turkish and U.S. governments, Calabasas-based Lockheed Corp. said. The company estimated the value of the order to Lockheed at $350 million. The follow-on order, which increases Turkey's total F-16 orders to 240 from 200, provides for the jets to be built at a factory near Ankara, Turkey, by Tusas Aerospace Industries Inc.

International lenders Friday officially completed a plan to roll over South Korean short-term debt through March 31, a source close to the talks told Reuters. "It gives us the time to sit down and work out an agreement with the Koreans longer term," the source said. U.S. Deputy Treasury Secretary Lawrence Summers had said South Korea needs to strike a deal with international lenders "as rapidly as practicable" to roll over its short-term debt and strengthen investor confidence.

International lenders Friday officially completed a plan to roll over South Korean short-term debt through March 31, a source close to the talks told Reuters. "It gives us the time to sit down and work out an agreement with the Koreans longer term," the source said. U.S. Deputy Treasury Secretary Lawrence Summers had said South Korea needs to strike a deal with international lenders "as rapidly as practicable" to roll over its short-term debt and strengthen investor confidence.

Turkey Orders More Lockheed F-16s: Turkey would get an additional 40 of the fighter jets under an agreement signed by representatives of the Turkish and U.S. governments, Calabasas-based Lockheed Corp. said. The company estimated the value of the order to Lockheed at $350 million. The follow-on order, which increases Turkey's total F-16 orders to 240 from 200, provides for the jets to be built at a factory near Ankara, Turkey, by Tusas Aerospace Industries Inc.